Legacy specialist Darag Group, which has an operation in Bermuda, has appointed Andrew Pryde to the new role of group chief risk officer, subject to regulatory approvals.

Based in London, Mr Pryde will report to group chief executive officer Tom Booth.

He joins from Beazley plc, where he held the chief risk officer role for more than ten years.

Mr Booth said: “We are delighted to bring Andrew on board to further strengthen our risk-management capabilities throughout Darag Group.

“He has vital global experience in enterprise risk management, capital modelling and exposure management, coupled with excellent commercial awareness, as well as holding strong relationships with regulators.

“He adds strength in depth to our senior team as we continue to focus on operational efficiency and offering the best possible legacy solutions to our clients.”

Mr Pryde said: “I am thrilled to be joining the executive management team at Darag. I have been particularly impressed with the skill and expertise of everyone I have met and by the Group’s collegiate and inclusive culture that Tom has cultivated.”